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    The Largest CRE Database in the US with Over 1 Million Listings

    1101 Indiana Ave La Porte, IN 46350

    Sponsored
    For Sale
    $199,900

    SINGLE_FAMILY - La Porte, IN

    Type:Office
    Property size:
    1,200 SF
    Lot size:
    0.09 Acres
    Days on Market:
    146
    Last Refresh:
    Feb 5 at 5:06 pm

    Property Features for 1101 Indiana Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement
    APN
    460636363001000043
    Parking
    7
    Parking features
    Garage, On Street, Open
    Interior features
    Ceiling Fan(s), Granite Counters, Crown Molding, Entrance Foyer
    Exterior features
    Lighting, Rain Gutters
    Basement
    Unfinished
    Appliances
    Gas Water Heater, Refrigerator, Stainless Steel Appliance(s), Microwave
    Size
    1,200 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1942

    We can help!

    Listing Contact
    Pete LaSalle

    Listing Leaders (219) 299-7117

    Listing agent Pete LaSalle (219) 707-2476

    Listing date Sep 13, 2025

    MLS# 826347

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Building in Downtown

    Located in the Historic Indiana Avenue District of La Porte, Indiana, this remodeled building presents a commercial opportunity suitable for business professionals, retailers, or entrepreneurs. The property features 4-5 private office suites, a spacious conference room overlooking Indiana Avenue, and a custom-built reception area with quartz counters and workspace. An upstairs bonus space offers potential for additional office space or storage. The building includes a remodeled bathroom, high-speed fiber internet, and a private garage/storage area. A stylish breakroom is equipped with granite counters, bar-top seating, a farmhouse sink, white cabinetry, and a mini-fridge. The entire building was updated three years ago with a new roof, gutters, soffits, fascia, exterior front entry stairs, lighting, flooring, and water heater. Second entry exterior stairs are planned for completion in 2025. Multiple light-up signage options are available front and back. The property benefits from private parking and ample street parking. The building is situated on a 0.0877-acre lot and offers 1200 square feet of space. The location is part of a major transformation aimed at creating a more walkable, pedestrian-friendly environment. The property is move-in ready, and some furnishings are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    360 Property Management ... Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.718436
    Latitude
    41.606826

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    FAQs

    What type of property is this?
    Office building - Turnkey office building in revitalizing downtown La Porte, Indiana.
    Where is this office building located?
    The property is located at 1101 Indiana Ave La Porte, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Prime Location: High-visibility corner in the Historic Indiana Avenue District, downtown LaPorte.; - Fully Remodeled: Turnkey and impressive office space, updated just three years ago with new roof, gutters, flooring, water heater, etc.; - Flexible Options: Available for Purchase, Lease-to-Own, or Lease-Only.
    (219) 707-2476
    Request Owner's contact information
    1101 Indiana Ave La Porte, IN 46350
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    La Porte, IN 46350
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Indiana Ave La Porte, IN 46350
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    We can help!
    Listing Contact
    Pete LaSalle
    Real Estate License ID: RB14037664
    (219) 707-2476
    Learn more
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